Obama Outraises Romney in August

Your News Companion by Ben Mathis-Lilley
Sept. 10 2012 7:55 AM

Obama Beats Romney in Fundraising for the First Time in Four Months

151638503
A supporter cheers as she holds a cellphone with an Obama-Biden case during a speech by President Obama in Melbourne, Florida

Photo by SAUL LOEB/AFP/GettyImages

The difference wasn’t much, but certainly enough to claim victory. For the first time since April, President Obama’s re-election campaign and its Democratic partners raised more than Mitt Romney and his Republican committees in August, $114 million compared to $111.6 million, reports CBS News. Obama’s camp could barely hide its glee. It wasn’t just because it marked the first time the president and DNC had broken the $100-million mark, but also because it marked a huge increase from the $75 million they had raised in July, notes the Associated Press.

Obama’s campaign quickly began releasing fundraising data on Twitter, highlighting how its donor base had grown. The average donation in August was $58.31, and 97.77 percent of donations were $250 or less, wrote the campaign. On top of that, 317,954 people were first-time donors to the campaign, noted another tweet. Obama beat out Romney in total donors—1.1 million to 820,000—and percentage of donors who gave $250 or less—98 percent to 94 percent, reports the Hill. Romney’s numbers also represent a personal best for the campaign, and don’t count all the support he has from outside groups with deep pockets.

Advertisement

The president’s campaign had been doing a good job of burning through its cash faster than Romney, spending around $58.5 million in July, reports Reuters. Before the August report, Romney and the fund he shares with the RNC enjoyed a $60 million cash-on-hand advantage over Obama. The Romney campaign said it had $168.5 million cash on hand in August, although the Obama camp didn’t release a similar figure, notes USA Today.

Another factor working in Romney’s favor is that he’s free to use the money he raised during the primary campaign now that he officially accepted the Republican nomination.

Daniel Politi has been contributing to Slate since 2004 and wrote the "Today's Papers" column from 2006 to 2009. You can follow him on Twitter @dpoliti.

TODAY IN SLATE

Foreigners

More Than Scottish Pride

Scotland’s referendum isn’t about nationalism. It’s about a system that failed, and a new generation looking to take a chance on itself. 

What Charles Barkley Gets Wrong About Corporal Punishment and Black Culture

Why Greenland’s “Dark Snow” Should Worry You

Three Talented Actresses in Three Terrible New Shows

The Human Need to Find Connections in Everything

It’s the source of creativity and delusions. It can harm us more than it helps us.

Jurisprudence

Happy Constitution Day!

Too bad it’s almost certainly unconstitutional.

Is It Worth Paying Full Price for the iPhone 6 to Keep Your Unlimited Data Plan? We Crunch the Numbers.

My Father Was James Brown. I Watched Him Beat My Mother. Then I Married Someone Like Him.

  News & Politics
Weigel
Sept. 17 2014 12:02 PM Here It Is: The Flimsiest Campaign Attack Ad of 2014, Which Won’t Stop Running
  Business
Moneybox
Sept. 17 2014 12:13 PM “For a While Liquidity Led to Stupidity”
  Life
The Eye
Sept. 17 2014 12:19 PM Early Cancer Hospitals Were Modeled on French Castles, Served Champagne
  Double X
The XX Factor
Sept. 15 2014 3:31 PM My Year As an Abortion Doula
  Slate Plus
Slate Fare
Sept. 17 2014 9:37 AM Is Slate Too Liberal?  A members-only open thread.
  Arts
Behold
Sept. 17 2014 11:06 AM Inside the Exclusive World of Members-Only Clubs
  Technology
Future Tense
Sept. 17 2014 12:35 PM iOS 8 Comes Out Today. Do Not Put It on Your iPhone 4S.
  Health & Science
Bad Astronomy
Sept. 17 2014 11:18 AM A Bridge Across the Sky
  Sports
Sports Nut
Sept. 15 2014 9:05 PM Giving Up on Goodell How the NFL lost the trust of its most loyal reporters.